3 thoughts on “Ardmore Shipping Cancels Baby Bond Offering”

  1. This is good news. This company is not investible, not at the preferred level anyways.

    The market is starting to become sane.

    1. Bob-in-De–they probably thought the huge coupon needed was excessive–as a conservative investor if it was less than 15% it was a bargain for them.

  2. I’ve never quite understood the attraction of buying a new offering before the market has rendered its own judgement. My experience has been that market forces will outweigh fundamental analysis more times then not. Let the market render its initial judgement and then decide if the company’s fundamentals warrant an investment. If the market gets it wrong (as it it often does), then you have your opportunity.

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